HP says it will lay off up to 6,000 workers over the next couple years | CNN Business

The computer maker disclosed the major job cuts in a statement accompanying its lackluster quarterly earnings report on Tuesday afternoon, where it also said sales dropped more than 11% compared to the same period last year. “The company expects to reduce gross global headcount by approximately 4,000-6,000 employees,” HP said. “These actions are expected to be completed by the end of fiscal 2025.” HP had previously reported having a global headcount of \n \n some 51,000 employees.

HP President and CEO Enrique Lores added in a statement that the company’s so-called “Future Ready strategy” will “enable us to better serve our customers and drive long-term value creation by reducing our costs and reinvesting in key growth initiatives to position our business for the future.” The news makes HP the latest in a growing list of once-high-flying tech companies that are now announcing significant job cuts.

Thanks Joe Biden.

Blame elonmusk

BidenWorstPresidentEver

Talk about antiwhitism

Yay... More people got fired to protect the company's economy!

Couple of years 🤷‍♂️😂

Of course they waited until post-midterms to announce this.

Anyone who cared to open their eyes saw this tech bubble incoming, reminiscent of the late 80s/early 90s. Biden’s terrible economy just sped it along.

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